Kraken parent goes for the OCC charter in bid to become a federal crypto bank
Payward, Kraken's parent company, applied for an OCC national trust company charter to establish a federally regulated crypto custody entity. The move complements its existing Wyoming bank charter and Fed master account access, strengthening institutional appeal. This reflects crypto firms' increasing pursuit of traditional banking licenses under favorable regulatory conditions, positioning Kraken for potential future IPO.
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ECB's Lagarde’s digital euro warning: Why Europe shouldn’t just copy the U.S. stablecoin model
ECB President Christine Lagarde warned Europe against copying the U.S. stablecoin model, citing financial stability risks from Tether and USDC's $310 billion market dominance. She advocates for a central bank digital currency instead, with the ECB targeting a digital euro by 2029. This matters as Europe faces "digital dollarization" risks amid competing private sector initiatives.
